14 September 2018, EUR/USD
Technical observation
EUR/USD is still rising towards the resistance zone 1.1872-1.1849 and i expect nothing but a breach above it followed by a correction to it for a further rise in price. I picked long positions at the support 1.1539 and I’m waiting to collect my profits at 1.1849.In case there is break above the above mentioned zone, wait for a correction to it confirming further bullish momentum of price before you continue long with the pair towards the resistance line 1.2132, a breakout above 1.2131 should result to further upward rally of price towards the resistance 1.2422.Short positions may only be recommended below 1.1539.
Technical levels
Resistance levels
R1.1.1619
R2.1.1684
R3.1.1784
Pivot
1.1592
Support levels
S1.1.1519
S2.1.1485
S3.1.1385
Trade signal
Remain long.
Do you know against which currencies EUR is the most profitable?More trading assets here...